Just some more additional information about this company that you might find helpful:

RBC Insurance, through its operating entities, including RBC Life Insurance Company, provides life, health, travel, home auto and reinsurance products as well as creditor insurance services to over five million North American clients. As a top provider of individual living benefits and life insurance products in Canada, RBC Insurance put forward an all-inclusive portfolio of individual and group life and health insurance solutions, together with term and universal life insurance, group benefits, disability, critical illness, and long term care insurance and segregated funds. These products are dispersed through more than 17,000 independent brokers associated with producer groups, financial planning firms and stock brokerage firms, as well as through direct sales and a network of career sales representatives. We are the prime Canadian bank-owned insurance organization and one of the fastest growing insurance companies in the country.

The different kinds of Life Insurance that Royal Bank of Canada is offering. Compare each of them so that you will pick which insurance policy can meet your needs in the future.

Term 10 Life Insurance

The benefits of a Term 10 policy would comprise your beneficiary or estate to receive the death benefit tax-free. You can renew your policy for coverage up until the policy anniversary nearest your 80th birthday. You can also convert your policy for a Term 20 policy without giving any medical evidence, given that the exchange took place before your 5th policy anniversary and the policy anniversary nearest your 60thbirthday. Before you reach the age of 71, you can change your policy to a permanent life insurance or universal life insurance plan without providing additional medical evidence. And finally, if incase you turn out to be terminally ill, you can ask for a compassionate advance of 50% of your policy’s death benefit, to a maximum of $50,000.

Term 20 Life Insurance

The benefits of a Term 20 policy take in your beneficiary or estate to collect the death benefit tax-free. You may continue to renew your policy for coverage up until the policy anniversary nearest your 80th birthday. Earlier than age 71, you can exchange your policy to a permanent life insurance or universal life insurance plan without giving additional medical evidence. When you happen to be terminally ill, you can request a compassionate advance of 50% of your policy’s death benefit, to a maximum of $50,000.

RBC Guaranteed Acceptance Life Insurance

The benefits of the RBC Guaranteed Acceptance Life Insurance policy allow you to apply for death benefit coverage of up to $25,000. Yet, for the first two years of your policy, the benefit is limited to the return of premiums you have paid off to the date of your death unless death is the result of an accident before your 85th birthday. In this case, we will pay the Accident Death Benefit. You could also obtain additional coverage against accidental death, which pays five times the life insurance amount. Aside from that, you receive insurance coverage for life but your premium payments will end once you reach age 95. If your coverage has been in place for more than two years and you are diagnosed with a terminal illness and have 24 months or less to live, you could obtain a percentage of the death benefit which is a compassionate advance while you are still alive. Your premiums will never increase, as long as your policy stays effective. And finally, your beneficiary collects the death benefit tax-free. If you are not contented with your coverage, you may cancel your policy within 30 days from the date you got the mail and the company will return any premiums you have paid.

If your want to acquire any of these life insurances, just direct yourself to the Royal Bank of Canada Life Insurance official website. You will be guided on how to go about the application. http://www.rbcinsurance.com

RBC Life Insurance is considered as the largest financial company in Canada. It is functioning under the RBC Financial Group. The bank is currently having over 1,100 branches and nearly 4,000 automated banking machines. RBC Canada is the top provider of consumer loans, home mortgages, personal deposits, business loans, money management, and mutual funds. RBC Insurance is also known as one of the main provider of life insurance in Canada.

They are offering variates of life insurance policies. Few of these are the Term 10 Life Insurance, Term 20 Life Insurance and Term 100 Life Insurance. Basically, the term would differ on the year it will be in force. It will also have exclusive benefits depending of your choice.

To see more details of these life insurance products, you can go to this link: /dir/8/rbc-life-insurance.html.

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